Chaintec reports double-digit growth

News Story
- 7 May 2009 ( #409 ) - Manchester, United Kingdom
1 min read
Chaintec, the UK's leading supplier of chain products to the forklift replacement market, has reported a 12% hike in sales for 2008.

Chaintec managing director David Hassan says the strong growth is contrary to the current economic climate.

"Twelve per cent growth in sales in any climate is a strong performance but, given the downturn in global trading conditions, we are particularly proud of our results," he says. The company experienced growth in its UK sales and export divisions.

Hassan attributes the growth to a roll-out of the company's three-year strategy to extend its product range and service offerings in the UK and to expanding its worldwide export network.

Another factor in Chaintec's growth is the development of its on-site fitting services. The service, first offered more than five years, ago minimises administration overheads and reduces maintenance costs.

Hassan says Chaintec identifies and supplies the right chain to its engineer, who then fits it to the forklift onsite. The service has now extended to include a wider range of forklifts, including high-level order pickers, which are serviced using Chaintec's in-house scissor lift.

The opening of a Chaintec office in Southampton in 2008 extended the on-site fitting services to a wider market in the south of England.

In 2008, Chaintec showcased its products at trade shows in Eastern Europe and the Middle East. This year, it will exhibit at the Materials Handling Middle East exhibition on May 31 to June 2, at the Dubai International Convention and Exhibition Centre

Chaintec was established in 1991 in the West Midlands but, after expansion in the late 1990s, its headquarters moved to Trafford Park, Manchester. It supplies chain products to the forklift replacement market. Its Trafford Park depot is about 10km from Manchester International Airport. Chaintec exported about 25% of its products in 2006.
Jungheinrich steps closer to 2017 sales target
Jungheinrich steps closer to 2017 sales target 12 Mar 2015 - Hamburg, Germany - 1 min read
World market advanced in third quarter
World market advanced in third quarter 20 Nov 2014 - Hamburg, Germany - 1 min read
Previously about:
Warning on forklift chain News Story - 16 Jan 2014 - Manchester, United Kingdom - 2 min read
Briefs News Story - 17 Dec 2009 - 2 min read
Chaintec expands in the UK News Story - 16 Oct 2008 - Manchester, United Kingdom - 2 min read
Do you have materials handling news? Submit your news here
Inside The News
In this week’s Forkliftaction News , we look at more financial reports with one major producer recording a “significant” decline in Q2 bookings to report an operating loss of USD8.5 million, while another had a strong quarter “despite increased trade tensions and a challenging geopolitical landscape”... Continue reading

PREMIUM business

Hawker Powersource, Inc.
HAWKER® offers a range of hybrid motive power solutions customized to adapt as your operation's needs change.

"...Forkliftaction is a trusted source for insights, market trends, and the latest news. It has consistently championed B&B Attachments, helping share our successes and milestones with the wider industry. Congratulations to the entire Forkliftaction team on this incredible milestone. Here’s to the next 25 years of excellence!" - Mike Barton, Managing Director, B&B Attachments Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

Words of support …

Thanks to advertising with Forkliftaction, GemOne has experienced a significant enhancement in our online presence. Working with Forkliftaction has enabled us to boost engagement with our targeted audience, resulting in an increase in information requests and downloads of valuable materials from our website. Forkliftaction has consistently delivered outstanding results, helping us to effectively connect with the right audience.

Justine Lootens, CEO

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

"...Forkliftaction is a trusted source for insights, market trends, and the latest news. It has consistently championed B&B Attachments, helping share our successes and milestones with the wider industry. Congratulations to the entire Forkliftaction team on this incredible milestone. Here’s to the next 25 years of excellence!" - Mike Barton, Managing Director, B&B Attachments Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

PREMIUM business

Hawker Powersource, Inc.
HAWKER® offers a range of hybrid motive power solutions customized to adapt as your operation's needs change.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

"...Forkliftaction is a trusted source for insights, market trends, and the latest news. It has consistently championed B&B Attachments, helping share our successes and milestones with the wider industry. Congratulations to the entire Forkliftaction team on this incredible milestone. Here’s to the next 25 years of excellence!" - Mike Barton, Managing Director, B&B Attachments Ltd

Thanks for your support! Read the full testimonial & more industry messages ♥ here.

PREMIUM business

Hawker Powersource, Inc.
HAWKER® offers a range of hybrid motive power solutions customized to adapt as your operation's needs change.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET